Miami Real Estate Is Hotter Than Ever!

If you're looking to sell your home in Miami, now is the time! The real estate market here is hotter than ever, and prices are on the rise. If you're considering selling your home, it's important to understand what's causing this surge in popularity and why Miami is such a desirable place to live. Keep reading to learn more about the current state of the Miami real estate market and find out why it's a great time to sell your home here. You may be surprised at just how hot Miami's market has become!

Miami-Fort Lauderdale-Pompano Beach ranks 9th among the top 10 most active development markets in the US. Almost 130K apartments were permitted between 2012 and 2021, compared to 68K houses. With its tourism-oriented local economy, and a steady influx of retirees relocating here to enjoy their golden years in a nice climate, the Miami metro area indeed has all the givens of a housing market that favors multifamily construction. New developments, such as Downtown 5, a 2021-delivered luxury rental property with over 1,000 units, are answering an increasing demand for premier living in one of the country’s most appealing urban hotspots.

Other sectors where the Miami metro area performed well are retail construction – over 24M square feet during the decade – and self storage, with almost 12M square feet of new storage space.

Miami has come a long way in the past decade, and it doesn’t show any signs of slowing down. If you want to be part of this exciting city that is constantly reinventing itself, contact me today! I can help you find your dream home in Miami – or anywhere in South Florida for that matter. Whether you are looking for an investment property or a place to call home, I have something for everyone. Don’t miss out on this amazing opportunity – contact me now!

Original Article: CLICK